Nursing homes and other caregivers in the State of Arkansas that regularly handle patient trust monies must carry a patient trust fund bond. The bond obligation ensures that the principal shall; (1) hold separately and in trust all patients’ funds deposited with Principal as a nursing home; (2) administer said funds on behalf of its patients in the manner directed by law; (3) render true and complete accounts on the patients, the depositors and the State when requested, and; (4) upon termination of each said deposit, account for all funds received thereunder, expended and held on hand. A patient or the Governor of the State in the name of a patient(s) may bring suit against the surety bond. Surety One, Inc., national surety leader is a preferred provider of patient trust fund bonds in all states where they are required. We offer these to experienced and legitimate applicants regardless of financial condition AND we offer superlative fidelity bond coverage to cover employee dishonesty risks! For applications and information visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com.
